Kwik Delivery Company buys a truck from Lucky Vehicles, Inc., under a guaranty signed by Mina, Kwik's president, who writes "President" after her signature. When Kwik does not pay for the truck, Lucky sues Mina, who claims that she did not intend to be bound by the guaranty. The court would most likely rule in favor of
A) Lucky, because Mina's guaranty is unambiguous.
B) Lucky, because Mina works for Kwik.
C) Mina, because she did not intend to be bound by the guaranty.
D) Mina, because she signed only as a corporate officer.
Correct Answer:
Verified
Q41: Smartt Software Company borrows $10,000 from Term
Q42: A pipe in Gert's house springs a
Q42: Wanda owes Xtra Credit Company $5,000 but
Q74: Fact Pattern 28-1A
Dina asks Edie to
Q75: Rita is a surety for Sue's loan
Q76: Bret defaults on a loan owed to
Q77: Bill and Cody agree to guarantee Dave's
Q78: Fact Pattern 28-1A
Dina asks Edie to
Q79: Drew and Earl are brothers. They agree
Q84: Elbert obtains a mortgage on his home
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents